BrightSpring Health Services Inc (NASDAQ:BTSG) shares, rose in value on Friday, November 01, with the stock price up by 11.30% to the previous day’s close as strong demand from buyers drove the stock to $16.66.
Actively observing the price movement in the recent trading, the stock is buoying the session at $14.97, falling within a range of $15.7707 and $17.515. Referring to stock’s 52-week performance, its high was $16.49, and the low was $7.85. On the whole, BTSG has fluctuated by 13.19% over the past month.
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With the market capitalization of BrightSpring Health Services Inc currently standing at about $2.86 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-01.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 10.83B, with a low estimate of 2.65B and a high estimate of 2.77B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.72B.
The stock’s technical analysis shows that the price of BTSG currently trading nearly 7.15% and 14.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.69, while the 7-day volatility ratio is showing 3.48% which for the 30-day chart, stands at 3.61%. Furthermore, BrightSpring Health Services Inc (BTSG)’s average true range (ATR) is 0.68.
Data on historical trading for BrightSpring Health Services Inc (NASDAQ:BTSG) indicates that the trading volumes over the past 10 days have averaged 1.19 and over the past 3 months, they’ve averaged 1.29 million. According to company’s latest data on outstanding shares, there are 171.19 million shares outstanding.
Nearly 69.06% of BrightSpring Health Services Inc’s shares belong to company insiders and institutional investors own 46.63% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.08 million shares as on 2024-10-15, resulting in a short ratio of 4.09. According to the data, the short interest in BrightSpring Health Services Inc (BTSG) stood at 1359.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 7.36 million. The stock has risen by 51.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BTSG stock heading into the next quarter.
